Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$218,639$218,639$328,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$109,861$0
Funding fee$1,093$1,093$0
Note rate2.940%2.940%7.320%
Blended rate2.940%4.632%7.560%
1st payment$1,034.69$1,034.69$2,256.57
2nd payment$0.00$732.40$0.00
Taxes / mo$235.92$235.92$235.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$4.17$4.17$4.17
Total monthly$1,424.77$2,157.18$2,712.35
Cash to close$146,361$36,500$36,500